Rumor on the street in Sébastien St. Louis is leaving the sinking ship.
VFF has pulled back in two legs sideways to down after a strong bull rally. The bulls have a 60% chance of a second bull leg up before there is a strong bear reversal. Last week broke below the 14 first leg down. This is where the bears need to be the strongest. This is also where strong bulls (and bears) will start looking to buy for trend continuation. ...
Disclaimer: This is not financial advice, so buy at your own risk. I am a shareholder of TLRY for the first time as of a few days ago. I watched this stock IPO and blast off from $30 to over $300 and then quickly melt down just as fast. But now it rests on significant support at around $38.90 based on my technical analysis and I see it slightly broke out of the...
Keep waiting for a clear MACD reversals if you want to buy. HEXO is testing its support and it's almost oversold... Also, for what it's worth, Hexo got downgaded from Outperform to Perform by Oppenheimer, but analysts are always late to call the shots IMO ... Follow what the trends say!
There are signs of profit taking at the new all time high of GWPH (tails, weak breakouts, reversal attempts). One more push up would form a nested wedge and a larger wedge reversal, increasing the probability of two legs sideways to down. If there is also a buy climax, it would form a parabolic wedge reversal where strong bulls will take windfall profits and...
CGC is beginning to develop some two sided trading and transitioning into a broad bull channel / bull flag trading range. (All channels are a form of a slanted trading range and ultimately evolve into a large trading range). Prices are currently around the middle of the trading range, where the directional probability is close to 50/50. The high 2 buy setup a...
ACB NYSE is currently in the dead center of the bull flag trading range, and a converging triangle. This is where the directional probability is very close to 50/50. However the bulls have a slight advantage because it is a bull flag trading range, and there are bull gaps below. Prices are currently stalling at the failed bear reversal, where trapped bears may...
With the July contracts, a 90/95 bull call spread can be placed for a debit of 3.97. This places our break-even at 93.97 on the July 20th expiry. The max profit of $102 per contract occurs above the upper strike of the sold call at 95. We are bullish on both the technicals and fundamentals of SMG. The multinational corporation, known for its consumer fertilizers...
Or, is more pain ahead for TGOD in what appears to be another descending triangle! TGOD is down roughly 60% from its ATH's. TGOD is down -52% in the past year. TGOD +32% YTD All Time Performance for TGOD -42.33% Price target of 35c! Time will tell per usual
And I don't think that dead cat bounce will hold if retested as a bottom. Nom Nom Nom..... Now we know why the last 3 Auditors left the company & they failed to report financials, they were ugly! On Friday, May 31, a solid two months later than initially required, they reported a sh!t show. Then the stock tanked 18% to trade 80% lower than the 52-week highs...
Bruce Linton & William Hilson, I made it easy for you lol. They've had their eye on a specific company to takeover before they made this capital pool company! Cronos Group has a 2.4 Billion Dollar investment from Altria Group. Canopy has a 5 Billion Dollar investment from Constellation Brands. Here's a link to Cuspis Overview, put www. before...
The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend. Time will tell per usual.